Your Argus
TEXT your pictures, videos and messages to 80360. Start your message with SUPIC or email your tip-offs »
King Alfred in doubt after bank drops out
3:10pm Tuesday 29th July 2008
The controversial King Alfred development is hanging by a thread today after the withdrawal of its financial backers.
Dutch bank ING has decided to pull out of the £290 million Hove scheme because of the shaky state of the financial and housing markets.
Karis, which has been leading the project on the ground, is now believed to be looking for alternative sources of funding.
The developer has until November to secure a new financier before its agreement with Brighton and Hove City Council runs out.
The Hove seafront scheme could now be redesigned and may need to receive planning permission again.
The Argus first revealed the scheme was in danger of floundering last month after ING and Karis launched a review.
Your Say YourArgus
Nick Brighton, Brighton says...
3:51pm Tue 29 Jul 08
BiggerH, Brighton says...
4:13pm Tue 29 Jul 08
Camel54, Portslade says...
4:19pm Tue 29 Jul 08
kennydoit, Hove says...
4:30pm Tue 29 Jul 08
davyboy, abingdon, oxon says...
4:38pm Tue 29 Jul 08
the viscount, hove says...
5:09pm Tue 29 Jul 08
kennydoit, Hove says...
5:11pm Tue 29 Jul 08
davyboy wrote:....and I suppose the countryside can? If the leisure centre and the flats aren't financially viable, the leisure centre doesn't have a cat in h*ll's chance without them.
this was never going to happen, was it? as camel54 says, why cant they just put up a modern leisure centre without the flats. burgess hill has the triangle, the like of which would be ideal for K.A. why does every development need housing with it? brighton cannot support more people living there.
Mandarin, Hove says...
6:31pm Tue 29 Jul 08
hymn, worthing says...
7:16pm Tue 29 Jul 08
Ronald, Hailsham says...
7:19pm Tue 29 Jul 08
Jools, Sussex says...
7:36pm Tue 29 Jul 08
hymn wrote:Yes, like the twin towers after the attack.
thank god for that, it looked cr@p in my opinion..
To Ronald from Hailsham, I agree, about time the Argus got the professionals in to sort out the new website.
Glenda, Hove says...
7:51pm Tue 29 Jul 08
mikardo, hove says...
8:27pm Tue 29 Jul 08
The £2.5 million wasted so far could have been put towards refurbishing the present KA .
Glenda, Hove says...
8:49pm Tue 29 Jul 08
KARIS, at last being seen for what they are, are running out of friends and its unlikely even Dodgy Council by the Sea will support them with another application. Or will they........
Glenda, Hove says...
8:49pm Tue 29 Jul 08
KARIS, at last being seen for what they are, are running out of friends and its unlikely even Dodgy Council by the Sea will support them with another application. Or will they........
rustypegs, brighton says...
9:13pm Tue 29 Jul 08
brighton bluenose, Hove says...
9:17pm Tue 29 Jul 08
kennydoit wrote:Southern end of St. Aubyns?!! Come on Heather, you can do better than that!!!
As someone who lives at the southern end of St Aubyns, I am really disappointed that this project may not go ahead. We need a cutting edge development like this to revitalise the area. Still, if it doesn't go ahead, it will keep all of the Luddites that usually post on here really happy.
william of orange, Brighton says...
10:33pm Tue 29 Jul 08
Where's ya banker gone...?
Where's ya banker gone...?
Far, far away.
Far, far away....
CARTMAN, BRIGHTON says...
1:05am Wed 30 Jul 08
Where's your banker gone?
Well he's probably joined the Dodo in CLUB EXTINCT!
No chance of a helping hand or rescue by the increasing number of the UK population joining "CLUB BANKRUPT" either!
CLUB BANKRUPT? Free entry if you have maxed out more then eight credit cards!
Only three required if you have an unserviceable mortgage!
oldie, hove says...
8:49am Wed 30 Jul 08
Haywards Heath and they say that many of their users come from Brighton.
rideforever, says...
11:53am Wed 6 Aug 08
The swimming pool Karis was going to build was 25m long, same as it currently is ... so what benefits were we going to get exactly ... I seem to remember it was a bit wider but hey why not just dig out the side of the existing pool to widen it, there is room.
And there is some disused land to the west by the car park > an outdoor 5-a-side pitch.
And that godawful funfair for kids please do something nice with it.
Anyway it wouldn't cost that much, and I've got a few weekends spare anyway.
Your sayYourArgus
Add your comment
Register for a FREE The Argus account and you can have your say on today's news and sport by adding comments on articles we publish. The best comments may even get published in the paper.
Please register now or sign in below to continue.
King Alfred in doubt after bank drops out
In this section
- Gang attack at school gates
- City schools fail to feature in top 500
- A day in the life of a homeless couple
- Father dies after bike crash
- £30,000 bill still unpaid by festival
- A honeymoon - six years late
- Man's shock at 'gay Oscars assault'
- Wife decides it's war over game addiction
- Spectacular pier show by starlings
- Postcode lottery for quality hospital food
Sponsored Links
Editor's Choice
Peggy Sue, The Hanbury Club, Brighton, November 19
Things have changed in the past 12 months for Brighton's own Peggy Sue. For a start, the duo of Rosa Rex and Katy Klaw has ditched the And The Pirates tag on their name.
Round The Horne - Unseen And Uncut, Theatre Royal, New Road, Brighton, Nov 18-22
A total of 15 million listeners - that's a quarter of the population - listened to Round The Horne in the 1960s.
Comment: Opportunities lie out west in Shoreham
When Brighton was a little fishing village, buffeted by great storms and pillaged by the perfidious French, Shoreham was a substantial settlement.
Talent show for region's digital media
Some of the biggest names in digital media will be fighting to be named best in the business at a new awards ceremony.
Local Services
Local Information
Enter your postcode, town or place name
Voice of the silent Majority, Hove says...
3:42pm Tue 29 Jul 08
Now we only have to wait for a simular statement regarding Withdean
and Brighton will be down four big projects.
King Alfred,Black Rock,360i and Falmer. Who said recession?